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Summit Power (DHA:SUMITPOWER) Momentum Rank : 0 (As of May. 16, 2024)


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What is Summit Power Momentum Rank?

Summit Power has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Summit Power Momentum Rank Related Terms

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Summit Power (DHA:SUMITPOWER) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Summit Power Ltd (DHA:SUMITPOWER) » Definitions » Momentum Rank
Comparable Companies
DHA:POWERGRID DHA:DESCO DHA:KPCL DHA:BARKAPOWER DHA:GBBPOWER NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG BOM:532555 WEC EIX BOM:532898
Traded in Other Exchanges
N/A
Address
Karwan Bazar C/A, Summit Centre, 18, Dhaka, BGD, 1215
Website
https://www.summitpower.org
Summit Power Ltd is engaged in the generation and supply of electricity. It focuses on developing, owning, and operating power generating assets. It owns and operates 15 power plants at different locations in Bangladesh with a total Installed capacity of 975.96 MW. The company supplies electricity to Bangladesh Power Development Board and Bangladesh Rural Electrification Board.

Summit Power (DHA:SUMITPOWER) Headlines

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